Maryland officials approve 14.6% rate increase for individual premiums on ACA marketplace
Maryland officials approved a 14.6% rate increase for individual insurance plans on the state's ACA marketplace. This follows a 13.4% increase last year, largely driven by the expiration of federal tax credits.
For the 274,000 Marylanders who purchase plans on the state’s insurance market under the Affordable Care Act, called the Maryland Health Connection, the new approved rate increases will compound on last year’s 13.4% rate hike that was issued in response to the expiration of federal tax credits that helped keep some plans more affordable.
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